JPMorgan Chase was named the biggest fossil fuel financier in the world, having increased its financing from $38.9bn in 2022 to $40.8bn in 2023.
It ranked among the worst banks in terms of financing to companies involved in fossil fuel expansion. It was also one of the biggest financiers of: racked oil and gas; Amazon oil and gas; and methane gas power.
Barclays was labelled the number one fossil fuel funder in Europe, lending $24.5bn in 2023 up from $16.58bn in 2022.
It was singled out for financing what the report describes as ‘deadly’ coal power plants in the United States, despite high profile climate commitments.
Do not use a bank. Use a credit union. As a member of a credit union, you have a say in what it funds. You are not beholden to a major corporation that is using your account to earn profits without your say.
There are many other good reasons too. Even the government thinks they’re a good idea.
https://mycreditunion.gov/about-credit-unions/credit-union-different-than-a-bank